Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9599. The pair is trading inside Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9585 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 0.9665.
USD/CHF forecast Dollar Franc April 13, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, a weak signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9590.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9535, which indicates a change in the flat trend in favor of the bearish trend and the continued decline of the pair. Expect the acceleration of USD/CHF quotes growth with the breakdown of the resistance area and the closing above the level of 0.9630.